<ul><li>The United States Federal Reserve announced a third consecutive rate cut, causing bitcoin's price to plummet to a multi-day low of $100,250.</li><li>Fed Chair Jerome Powell's hint at halting interest rate reductions due to alarming CPI data may have contributed to the downward trend in the crypto market.</li><li>Bitcoin's decline of more than $8,000 within 36 hours, along with altcoins experiencing significant losses, resulted in a total crypto market cap decrease of $200 billion.</li><li>Nearly $700 million worth of positions were liquidated, with over 250,000 traders being affected.</li></ul>

Bitcoin Price Tumbles Toward $100K Despite Fed’s Latest Rate Cut

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